**REGISTERED COMPANY NUMBER: 06407883 (England and Wales) REGISTERED CHARITY NUMBER: 1122662**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
## **PROMISE INCLUSION LIMITED**
Vale & West Chartered Accountants Victoria House
26 Queen Victoria Street Reading Berkshire RG1 1TG
**PROMISE INCLUSION LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to 8|
|**Cash Flow Statement**|9|
|**Notes to the Cash Flow Statement**|10|
|**Notes to the Financial Statements**|11 to 20|
|**Detailed Statement of Financial Activities**|21 to 22|
## **PROMISE INCLUSION LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The relief of people with a learning disability and/or associated disabilities in particular by the provision of help and support for them and their families, dependants and carers.
To provide or assist in the provision of facilities for the recreation or other leisure time occupation for people who need thereof by reason of learning disability with the object of improving their conditions of life.
## **Significant activities**
Organising and managing various projects, events and activities designed to achieve the above objectives.
## **Public benefit**
As a small charity, below the Charity Act's audit threshold, the trustees' report focuses on the main activities undertaken by the Society to further its charitable purposes for the public benefit. The Objectives and Activities section provides a brief summary of the activities which have all been undertaken for the public benefit. Although the society is restricted to its geographic area of Wokingham, Bracknell and their surrounding districts, it is designed to provide support to people with a learning disability and their families, dependants and carers, its support and activities are open to all without further restriction. Any fees charged to members and participants are at market rate, as we do now make more than a nominal charge for some activities.
## **Volunteers**
The charity relies on voluntary help for a variety of tasks. This includes specific tasks on a regular basis such as The Trustees and the people who help or run our clubs and activities,as well as those who update the website or undertake one-off fundraising challenges. On an ad hoc basis volunteers help with office tasks such as: stuffing envelopes, data entry, making tea, helping at fundraising events, sorting out tombola items and doing tin shakes.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Charitable activities**
The Society has continued to run a number of successful events and activities within the Wokingham and Bracknell Districts including family liaison work, activity clubs for children and adults, events and outings for carers and families of children and adults with learning disabilities and other charitable activities.
Page 1
## **PROMISE INCLUSION LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **STRATEGIC REPORT Financial review**
## **Financial position**
Overall income for the year was higher than 2019.
Grant income was higher than 2019, which was unexpected, but was due to applying for and receiving emergency Covid-19 grants. Providers can be found in Note 2 of the accounts.
Donations were lower than 2019, as Covid-19 impacted on fundraising opportunities.
Providing adequate funding for the Society's many services remains a very considerable challenge and presents the greatest risk to the Society's continued survival in the long term.
The Society is dependent upon various grants and in particular funding from Wokingham Borough Council and Bracknell Forest Council. Funding from Bracknell Forest Council ceased in September 2020. Funding from Wokingham Borough Council has been agreed until 31 March 2022.
The contract for a Family Liaison and Carers Service from Wokingham Borough Council has been extended until 31 March 2022.
In 2020 the Society was awarded 3 year grant funding from Children in Need for its Smiles for Sibs Groups. This funding will run until June 2023.
The Society continues to seek funding from a variety of sources to maintain its success in future projects.
## **Reserves policy**
The trustees regularly review the reserves policies to ensure that they are at an appropriate level. In particular cash is maintained at a level to support the short and medium term needs of the charity. Currently the trustees aim to keep free reserves at a level that will cover between three and six months of costs.
The charity has total reserves of £164,923 including £433 of functional assets and £80,172 for restricted purposes, leaving £84,318 of free reserves. Of this, £37,490 has been set aside for designated purposes, with the remaining £46,828 available for general use. This is in line with the trustees’ reserves policy.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Promise Inclusion Limited is a company limited by guarantee governed by its Memorandum and Articles dated 24 October 2007. It is registered as a charity with the Charity Commission.
## **Recruitment and appointment of new trustees**
As set out in the Articles of Association the chair of the trustees is nominated by the executive committee. Nominations for the election to the executive committee are considered and voted upon at the Annual General Meeting. The maximum number of members of the executive shall be no more than twelve.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 2
## **PROMISE INCLUSION LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
06407883 (England and Wales)
## **Registered Charity number**
1122662
## **Registered office**
The Court House Broadway Town Square Bracknell Berkshire RG12 1AE
## **Trustees**
J E Ward (Chairman) P Regan T M Bradlaw J K Green (Treasurer) P D Lowery (appointed 30.4.20) C Laskin (appointed 25.6.20) C Dow (appointed 25.6.20)
## **Independent Examiner**
K M Cutts, FCA Vale & West Chartered Accountants Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Promise Inclusion Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Page 3
## **PROMISE INCLUSION LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that they have complied with the duty in section 17 (5) of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. The trustees have referred to the guidance in the Charity Commission's general guidance Guidance on Public Benefit when reviewing the College's aims and objectives and in planning the College's future activities. In particular, the trustees have considered how planned activities will contribute to the aims and objectives they have set.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 20 July 2021 and signed on the board's behalf by:
J E Ward - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROMISE INCLUSION LIMITED**
## **Independent examiner's report to the trustees of Promise Inclusion Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
K M Cutts, FCA Vale & West Chartered Accountants Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG
20 July 2021
Page 5
## **PROMISE INCLUSION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|||||||**31.12.20**|31.12.19|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated||Restricted|**Total**|Total|
|||fund|fund||fund|**funds**|funds|
||Notes|£|£||£|**£**|£|
|**INCOME AND**||||||||
|**ENDOWMENTS FROM**||||||||
|Donations and legacies|2|**63,629**||**-**|**119,984**|**183,613**|163,876|
|**Charitable activities**|4|||||||
|Charitable activities||**1,028**||**-**|**3,629**|**4,657**|13,484|
|Investment income|3|**128**||**-**|**-**|**128**|243|
|**Total**||**64,785**||**-**|**123,613**|**188,398**|177,603|
|**EXPENDITURE ON**||||||||
|**Charitable activities**|5|||||||
|Charitable activities||**52,638**||**-**|**107,502**|**160,140**|147,348|
|**NET INCOME**||**12,147**||**-**|**16,111**|**28,258**|30,255|
|**Transfers between funds**|14|**-**|**5,613**||**(5,613)**|**-**|-|
|**Net movement in funds**||**12,147**|**5,613**||**10,498**|**28,258**|30,255|
|**RECONCILIATION OF**||||||||
|**FUNDS**||||||||
|**Total funds brought forward**||**35,114**|**31,877**||**69,673**|**136,664**|106,409|
|**TOTAL FUNDS CARRIED**||||||||
|**FORWARD**||**47,261**|**37,490**||**80,171**|**164,922**|136,664|
The notes form part of these financial statements
Page 6
## **PROMISE INCLUSION LIMITED**
## **BALANCE SHEET 31 DECEMBER 2020**
|Unrestricted
Designated
Restricted
fund
fund
fund
Notes
£
£
£
**FIXED ASSETS**
Tangible assets
11
**433**
**-**
**-**
**CURRENT ASSETS**
Debtors: amounts falling due
within one year
12
**2,195**
**-**
**7,416**
Cash at bank and in hand
**53,022**
**37,490**
**91,427**
**55,217**
**37,490**
**98,843**
**CREDITORS**
Amounts falling due within
one year
13
**(8,389)**
**-**
**(18,672)**
**NET CURRENT ASSETS**
**46,828**
**37,490**
**80,171**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**47,261**
**37,490**
**80,171**
**NET ASSETS**
**47,261**
**37,490**
**80,171**
**FUNDS**
14
Unrestricted funds:
General fund
Designated fund
Restricted funds
**TOTAL FUNDS**|**31.12.20**
**Total**
**funds**
**£**
**433**
**9,611**
**181,939**
**191,550**
**(27,061)**
**164,489**
**164,922**
**164,922**
**47,261**
**37,490**
**84,751**
**80,171**
**164,922**|31.12.19
Total
funds
£
325
43,021
137,267
180,288
(43,949)
136,339
136,664
136,664
35,114
31,877
66,991
69,673
136,664|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 7
## **PROMISE INCLUSION LIMITED**
## **BALANCE SHEET - continued 31 DECEMBER 2020**
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 July 2021 and were signed on its behalf by:
J K Green - Trustee
The notes form part of these financial statements
Page 8
## **PROMISE INCLUSION LIMITED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**31.12.20**
**£**
**44,802**
**44,802**
**(258)**
**128**
**(130)**
**44,672**
**137,267**
**181,939**|31.12.19
£
2,631
2,631
(344)
243
(101)
2,530
134,737
137,267|
|---|---|---|
The notes form part of these financial statements
Page 9
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Decrease/(increase) in debtors
Decrease in creditors
**Net cash provided by operations**|**31.12.20**
**£**
**28,258**
**150**
**(128)**
**33,410**
**(16,888)**
**44,802**|31.12.19
£
30,255
19
(243)
(19,590)
(7,810)
2,631|
|---|---|---|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.1.20|Cash flow|**At 31.12.20**|
|---|---|---|---|
||£|£|**£**|
|**Net cash**||||
|Cash at bank and in hand|**137,267**|**44,672**|**181,939**|
||**137,267**|**44,672**|**181,939**|
|**Total**|**137,267**|**44,672**|**181,939**|
The notes form part of these financial statements
Page 10
**PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 5 years Computer equipment - Straight line over 3 years
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds, incorporating the general fund and the designated fund, can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 11
**PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Going concern**
The charity reported a cash inflow of £44,672 in the year. The trustees have considered the uncertainties in relation to the charity's future funding (set out in the trustees' report) and consider that there is sufficient funding in place for the next year to enable the accounts to be prepared on a going concern basis.
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Subscriptions
Sponsorship income|**31.12.20**
**£**
**42,743**
**137,920**
**2,950**
**-**
**183,613**|31.12.19
£
60,005
100,015
2,499
1,357|
|---|---|---|
|||163,876|
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
Grants received, included in the above, are as follows:
|Carers
Wokingham Family Liaison Worker
Children's activities
Siblings
Bracknell Mencap
Wokingham Mencap Core Costs
Healthwatch Bracknell Forest
Covid-19 Core Costs
CJRS Government Grants
Fundraiser Post|**31.12.20**
**£**
**1,775**
**28,102**
**1,751**
**14,314**
**28,497**
**35,015**
**400**
**8,235**
**11,514**
**8,317**
**137,920**|31.12.19
£
3,439
18,557
9,049
12,812
29,744
26,014
400
-
-
-|
|---|---|---|
|||100,015|
continued...
Page 12
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**3.**
**INVESTMENT INCOME**
Bank interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fundraising activities
Charitable activities
Theatre and other outings
Charitable activities
Fees for club activities
Charitable activities
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**SUPPORT COSTS**
Charitable activities
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|Direct
Costs
£
**157,640**|**31.12.20**
31.12.19
**£**
£
**128**
243
**31.12.20**
31.12.19
**£**
£
**1,873**
2,060
**869**
2,174
**1,915**
9,250
**4,657**
13,484
Support
costs (see
note 6)
Totals
£
£
**2,500**
**160,140**
Governance
costs
£
**2,500**
**31.12.20**
31.12.19
**£**
£
**150**
19|
|---|---|---|
continued...
Page 13
**PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
During the year, one trustee was reimbursed by the charity for expenses incurred:
P Regan £32 relating to travel expenses.
## **9. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities|**31.12.20**
**£**
**123,228**
**1,760**
**3,853**
**128,841**
**31.12.20**
**21**|31.12.19
£
123,096
2,672
3,250|
|---|---|---|
|||129,018|
|||31.12.19
21|
No employees received emoluments in excess of £60,000.
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Designated
Restricted
fund
fund
fund
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
62,134
-
101,742
**Charitable activities**
Charitable activities
1,530
-
11,954
Investment income
243
-
-
**Total**
63,907
-
113,696
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
65,620
(22,495)
104,223|Total
funds
£
163,876
13,484
243|
|---|---|
||177,603
147,348|
continued...
Page 14
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Designated
Restricted
fund
fund
fund
£
£
£
**NET INCOME/(EXPENDITURE)**
(1,713)
22,495
9,473
**Transfers between funds**
-
5,457
(5,457)
**Net movement in funds**
(1,713)
27,952
4,016
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
36,827
3,925
65,657
**TOTAL FUNDS CARRIED FORWARD**
35,114
31,877
69,673
**11.**
**TANGIBLE FIXED ASSETS**
Office
Computer
equipment
equipment
£
£
**COST**
At 1 January 2020
**2,284**
**4,412**
Additions
**-**
**258**
At 31 December 2020
**2,284**
**4,670**
**DEPRECIATION**
At 1 January 2020
**2,284**
**4,087**
Charge for year
**-**
**150**
At 31 December 2020
**2,284**
**4,237**
**NET BOOK VALUE**
At 31 December 2020
**-**
**433**
At 31 December 2019
-
325|Total
funds
£|Total
funds
£|
|---|---|---|
||30,255
-||
||30,255
106,409||
||136,664||
|||Totals
£
**6,696**
**258**
**6,954**
**6,371**
**150**
**6,521**
**433**
325|
Page 15
continued...
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
||**31.12.20**|31.12.19|
||**£**|£|
|Debtors|**280**|9,173|
|Other debtors|**141**|31,431|
|Prepayments and accrued income|**9,190**|2,417|
||**9,611**|43,021|
|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
||**31.12.20**|31.12.19|
||**£**|£|
|Creditors|**160**|289|
|Social security and other taxes|**1,741**|1,461|
|Pensions|**-**|354|
|Other creditors|**1,502**|8|
|Accruals|**4,189**|2,839|
|Deferred income|**19,469**|38,998|
||**27,061**|43,949|
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **Deferred income**
Deferred income comprises grant funding and membership fees received in advance of the next year.
## **14. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.1.20
£
**35,114**
**31,877**
**66,991**
**69,673**
**136,664**|Net
movement
in funds
£
**12,147**
**-**
**12,147**
**16,111**
**28,258**|Transfers
between
funds
£
**-**
**5,613**
**5,613**
**(5,613)**
**-**|At
31.12.20
£
**47,261**
**37,490**|
|---|---|---|---|---|
|||||**84,751**
**80,171**|
|||||**164,922**|
Page 16
continued...
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.1.19
£
36,827
3,925
40,752
65,657
106,409|Incoming
resources
£
**64,785**
**123,613**
**188,398**
Net
movement
in funds
£
(1,713)
22,495
20,782
9,473
30,255|Resources
Movement
expended
in funds
£
£
**(52,638)**
**12,147**
**(107,502)**
**16,111**
**(160,140)**
**28,258**
Transfers
between
At
funds
31.12.19
£
£
-
35,114
5,457
31,877
5,457
66,991
(5,457)
69,673
-
136,664|
|---|---|---|---|
continued...
Page 17
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
63,907
-
63,907
113,696
177,603|Resources
Movement
expended
in funds
£
£
(65,620)
(1,713)
22,495
22,495
(43,125)
20,782
(104,223)
9,473
(147,348)
30,255|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.1.19
£
36,827
3,925
40,752
65,657
106,409|Net
movement
in funds
£
10,434
22,495
32,929
25,584
58,513|Transfers
between
funds
£
-
11,070
11,070
(11,070)
-|At
31.12.20
£
47,261
37,490|
|---|---|---|---|---|
|||||84,751
80,171|
|||||164,922|
continued...
Page 18
## **PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
128,692
-
128,692
237,309
366,001|Resources
Movement
expended
in funds
£
£
(118,258)
10,434
22,495
22,495
(95,763)
32,929
(211,725)
25,584
(307,488)
58,513|
|---|---|---|
## **Description, nature and purpose of funds**
Unrestricted funds:
General fund The ‘free reserves’ after allowing for all designated funds. Designated fund Designated funds include funds in relation to historic fundraising events and a contingency fund set aside to cover costs that would arise in the event that the Charity were to close.
Restricted funds:
Siblings fund Wokingham Carers Respite Activities fund Wokingham Family Liaison Worker - Adults fund Wokingham Family Liaison Worker - Children fund Bracknell Family Liaison Worker - Transition fund Bracknell Family Liaison Worker - Adults fund Bracknell Carers Respite Activities fund Bracknell Gateway fund Wokingham Youth Club fund Bracknell Social Group fund Wokingham Paul's Karaoke fund Wokingham At the Acorn fund Special Project fund Fundraiser Post fund
continued...
Page 19
**PROMISE INCLUSION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. MOVEMENT IN FUNDS - continued**
## **Transfers between funds**
During the year £5,613 (2019: £5,457) was transferred from restricted funds to the designated fund. This transfer relates to agreed contributions towards core costs.
## **15. RELATED PARTY DISCLOSURES**
The daughter of a Trustee, Pat Regan, received £1,361 during the year for services rendered (2019: £1,307).
The son of a Trustee, Tracy Bradlaw, received £1,093 during the year for services rendered (2019: £994).
The husband of a Trustee, Jill Ward, received £4,598 during the year for services rendered (2019: £3,901).
Page 20
## **PROMISE INCLUSION LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
||||31.12.20|31.12.19|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|**21,910**|**20,833**|**42,743**|60,005|
|Grants|**38,769**|**99,151**|**137,920**|100,015|
|Subscriptions|**2,950**|**-**|**2,950**|2,499|
|Sponsorship income|**-**|**-**|**-**|1,357|
||**63,629**|**119,984**|**183,613**|163,876|
|**Investment income**|||||
|Bank interest|**128**|**-**|**128**|243|
|**Charitable activities**|||||
|Fundraising activities|**1,028**|**845**|**1,873**|2,060|
|Theatre and other outings|**-**|**869**|**869**|2,174|
|Fees for club activities|**-**|**1,915**|**1,915**|9,250|
||**1,028**|**3,629**|**4,657**|13,484|
|**Total incoming resources**|**64,785**|**123,613**|**188,398**|177,603|
|**EXPENDITURE**|||||
|**Charitable activities**|||||
|Personnel costs|**24,222**|**99,006**|**123,228**|123,096|
|Social security|**1,496**|**264**|**1,760**|2,672|
|Pensions|**2,571**|**1,282**|**3,853**|3,250|
|Insurance|**2,833**|**-**|**2,833**|2,477|
|Telephone|**1,062**|**2,100**|**3,162**|2,228|
|Postage and stationery|**4,172**|**69**|**4,241**|3,542|
|Sundries|**24**|**17**|**41**|272|
|Other staff costs|**1,300**|**120**|**1,420**|635|
|Contingency costs|**-**|**-**|**-**|(22,495)|
|Training and recruitment|**145**|**800**|**945**|975|
|Travelling|**140**|**283**|**423**|2,078|
|Carried forward|**37,965**|**103,941**|**141,906**|118,730|
This page does not form part of the statutory financial statements
Page 21
## **PROMISE INCLUSION LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
||||31.12.20|31.12.19|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**Charitable activities**|||||
|Brought forward|**37,965**|**103,941**|**141,906**|118,730|
|Theatre and other outings|**-**|**420**|**420**|5,430|
|Club activity costs|**-**|**1,061**|**1,061**|1,369|
|Refreshments|**24**|**124**|**148**|829|
|Hall hire and AGM costs|**-**|**1,042**|**1,042**|4,410|
|Rent and service charges|**5,400**|**-**|**5,400**|7,200|
|Repairs and renewals|**4,287**|**570**|**4,857**|852|
|Fundraising costs|**28**|**-**|**28**|598|
|Professional fees|**2,091**|**100**|**2,191**|1,947|
|Bank charges|**64**|**-**|**64**|64|
|Marketing|**-**|**30**|**30**|5,000|
|Computer software|**129**|**214**|**343**|-|
|Depreciation of tangible fixed assets|**150**|**-**|**150**|19|
||**50,138**|**107,502**|**157,640**|146,448|
|**Support costs**|||||
|**Governance costs**|||||
|Accountancy fees|**2,500**|**-**|**2,500**|900|
|Total resources expended|**52,638**|**107,502**|**160,140**|147,348|
|**Net income**|**12,147**|**16,111**|**28,258**|30,255|
This page does not form part of the statutory financial statements
Page 22